Beyond its offer for cryptocurrency loan provider Voyager Digital, crypto exchange CrossTower is thinking about making more acquisitions, according to its CEO, who spoke to Bloomberg.

Following FTX US’s failed bid for bankrupt lender Voyager Digital following its application for Chapter 11 bankruptcy protection, CrossTower made a proposal for the company.

CrossTower President Kristin Boggiano said the company and several of its backers have thought about establishing a rescue venture fund of their own, despite the CEO Kapil Rathi‘s claim that the company has no plans to contribute to Binance’s initiative to create an industry fund.

According to Rathi, the company is in a great place to acquire firms with satisfied clients and a strong balance sheet, but investors are still being cautious.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

Coincu News

CrossTower

FTX

ftx us

Kapil Rathi

Voyager Digital

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

CrossTower Considers Making Further Acquisitions After Voyager Digital’s Bid

Beyond its offer for cryptocurrency loan provider Voyager Digital, crypto exchange CrossTower is thinking about making more acquisitions, according to its CEO, who spoke to Bloomberg.

Following FTX US’s failed bid for bankrupt lender Voyager Digital following its application for Chapter 11 bankruptcy protection, CrossTower made a proposal for the company.

CrossTower President Kristin Boggiano said the company and several of its backers have thought about establishing a rescue venture fund of their own, despite the CEO Kapil Rathi‘s claim that the company has no plans to contribute to Binance’s initiative to create an industry fund.

According to Rathi, the company is in a great place to acquire firms with satisfied clients and a strong balance sheet, but investors are still being cautious.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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